Alphabet Inc (GOOGL) Stake Held by Gabelli Funds LLC

Gabelli Funds LLC held its position in shares of Alphabet Inc (NASDAQ:GOOGL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,810 shares of the company’s stock at the end of the fourth quarter. Gabelli Funds LLC’s holdings in Alphabet were worth $26,000,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Marshall Wace LLP increased its position in shares of Alphabet by 15.9% in the fourth quarter. Marshall Wace LLP now owns 402,169 shares of the company’s stock valued at $318,699,000 after buying an additional 55,115 shares during the last quarter. Redmond Asset Management LLC increased its position in shares of Alphabet by 0.4% in the fourth quarter. Redmond Asset Management LLC now owns 2,359 shares of the company’s stock valued at $1,869,000 after buying an additional 10 shares during the last quarter. First Capital Advisors Group LLC. purchased a new position in shares of Alphabet during the fourth quarter valued at $324,000. Pinnacle Associates Ltd. increased its position in shares of Alphabet by 68.8% in the fourth quarter. Pinnacle Associates Ltd. now owns 5,129 shares of the company’s stock valued at $4,064,000 after buying an additional 2,091 shares during the last quarter. Finally, LVW Advisors LLC increased its position in shares of Alphabet by 2.8% in the fourth quarter. LVW Advisors LLC now owns 617 shares of the company’s stock valued at $489,000 after buying an additional 17 shares during the last quarter. 34.98% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

Shares of Alphabet Inc (NASDAQ:GOOGL) opened at 867.91 on Tuesday. The firm has a 50-day moving average price of $844.45 and a 200 day moving average price of $814.97. Alphabet Inc has a 12 month low of $672.66 and a 12 month high of $874.42. The firm has a market capitalization of $600.09 billion, a price-to-earnings ratio of 31.13 and a beta of 0.98.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Thursday, January 26th. The company reported $9.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $9.64 by $0.28. Alphabet had a return on equity of 14.85% and a net margin of 21.58%. During the same period last year, the business posted $8.67 EPS. On average, analysts anticipate that Alphabet Inc will post $33.41 EPS for the current fiscal year.

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A number of research analysts have recently commented on the stock. Robert W. Baird reaffirmed an “outperform” rating and set a $960.00 price objective on shares of Alphabet in a research note on Sunday, March 5th. Wedbush reaffirmed an “underperform” rating and set a $700.00 price objective on shares of Alphabet in a research note on Wednesday, February 15th. Morgan Stanley upped their price objective on shares of Alphabet from $950.00 to $1,000.00 and gave the company an “overweight” rating in a research note on Friday, January 27th. Pivotal Research downgraded shares of Alphabet from a “buy” rating to a “hold” rating and dropped their price objective for the company from $970.00 to $950.00 in a research note on Monday. Finally, Zacks Investment Research raised shares of Alphabet from a “hold” rating to a “buy” rating and set a $923.00 price objective for the company in a research note on Monday, January 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, forty have given a buy rating and one has given a strong buy rating to the company. Alphabet has a consensus rating of “Buy” and a consensus target price of $963.60.

About Alphabet

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

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